Barbara Petrongolo, University of Oxford

"Vacancy duration and wages" 

Abstract

We estimate the elasticity of vacancy duration with respect to posted wages, usingdata from the near-universe of online job adverts in the United Kingdom. Our re-search design identifies duration elasticities by leveraging firm-level wage policies thatare plausibly exogenous to hiring difficulties on specific job vacancies, and control forjob and market-level fixed-effects. Wage policies are defined based on external infor-mation on pay settlements, or on sharp, internally-defined, firm-level changes. In ourpreferred specifications, we estimate duration elasticities in the range−3to−5, whichare substantially larger than the few existing estimates.

Joint with Ihsaan Bassier and Alan Manning

For more information about Barbara Petrongolo and her interesting work - link to her website.

Contact person: Mette Rasmussen